Vehicle routing is one of the most well-understood, extensively studied problems in both history and academia—it's been studied by academics since the early 1800s. Yet 200 years later, optimal efficiency remains just out of reach. And given the enormous increase in pressure for consumer expectations in recent years, that remaining "last mile" of vehicle routing efficiency could, on a global scale, make a huge difference to a huge number of people.
In this episode, we're joined by Matthias Winkenbach, Director of Research at the MIT Center for Transportation & Logistics. Matthias is an expert in urban logistics, last-mile delivery, and vehicle routing, and he has just launched a new lab, the MIT Intelligent Logistics Systems Lab, that will use AI and machine-learning techniques to tackle today's vehicle routing challenges—and that could make a major impact on vehicle routing solutions where traditional methods and algorithms have come up just short.
intelligent.mit.edu
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47:35
Empowering Micro Retailers in Emerging Markets
In this episode, we sit down with members of the MIT Low Income Firms Transformation (LIFT) Lab: Director Josué Velázquez Martínez, Postdoctoral Researcher Sreedevi Rajagopalan, and Doctoral Student Fabio Castro.
We discuss the LIFT Lab's work empowering micro-retailers and nanostores in emerging markets to lift themselves out of poverty. These retailers, while making up an overwhelming majority of retail business in their regions, are at a significant disadvantage when dealing with large suppliers and competing with large retailers—some 30% of these firms fail within 5 years of opening.
Using generative AI, the LIFT Lab is helping these retailers enhance their business decision-making and supply chain capabilities to help them survive and thrive.
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43:03
The Warehouse of the Future
Warehouses are undergoing a fundamental transformation—in response to the explosion of growth in the e-commerce space and worldwide large-scale supply chain disruptions, warehouses have gone from places simply for goods to sit to highly interconnected, automated hubs of activity. Warehouses of the future leverage new technologies in automation and digitalization to enhance precision, flexibility, and efficiency to adapt quickly to changing market and supply chain trends and needs.
In this episode, we're joined by Miguel Rodríguez García, a Postdoctoral Associate at the MIT Center for Transportation & Logistics, and Erez Agmoni, Global Head of Innovation (Logistics & Services) at international shipping giant Maersk. Miguel and Erez take us through the changes and technologies that are transforming warehouses and the ways in which companies are seeking to make these transformations sustainable.
The warehouse of the future signifies a forward-thinking model that aligns operational efficiency with a sustainable approach to warehousing, which is pivotal to the evolution of contemporary supply chains.
For the full white paper, "The Warehouse of the Future," click here.
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54:15
Innovation in Motion: Shaping the Next 50 Years of Supply Chain
On this episode, we're joined by Melanie Nuce-Hilton, SVP for Innovation and Partnerships at GS1 US, a nonprofit standards organization best known for administering the Universal Product Code (UPC) barcode—and celebrating its fiftieth anniversary right around the same time as MIT CTL. Melanie talks all about the history of supply chain standards over the last 50 years, including the UPC barcode, RFID, and others. And she also discusses the exciting innovations that are on the horizon to uncover new possibilities for industry stakeholders.
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46:57
Sustainability Contains Multitudes
MIT CTL Research Scientist David Correll joins us to share findings from the State of Supply Chain Sustainability 2023. Pressure on firms to make their supply chains more sustainable has increased over the past four years and isn't going anywhere, though the distinct areas of sustainability on which that pressure focuses are constantly changing. Indeed, sustainability is complex and contains multitudes. The report also takes a look at firms' progress on achieving their Scope 3 emissions goals.
The full State of Supply Chain Sustainability report is available free at sscs.mit.edu.
Ireland